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Days36Days on Market
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$1,199,000

23621 Indian Divide Cv, Spicewood, TX, 78669

On MarketInfo
Beds3 Beds
Baths2 Bath
Baths3,481 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$344.44 / sqft
Year BuiltBuilt in 2003

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 3Bathrooms Full 3
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
HeatingHeating
CoolingCooling
AppliancesGas Range, Microwave, Oven, Refrigerator
FlooringCarpet, Tile, Wood

Exterior

Private PoolPrivate Pool
Exterior FeaturesGarden, Dock, Barbecue, Boat Slip, RV Hookup
Lot Size2.24 acres

Building Information

Year Built2003
Stories1
Roof Type105
Garage Spaces2

Land Information

APN05500902030000
Lot Number13
SubdivisionPaleface Ranch Subd Sec 3
Land UseResidential
Legal DescriptionLOT 13 BLK A PALEFACE RANCH SUBD SEC 3
Census Tract035300
Assessed Land Value$273,125
Assessed Improvement Value$853,840
Assessment Year2025

About this property

Set on 2.24 acres at the end of a quiet cul-de-sac along the Pedernales River with direct access to Lake Travis, this rare Hill Country waterfront compound delivers a true outdoor lifestyle. A long private drive flanked by stone pillars welcomes you in, with mature oaks and privacy from neighboring homes. The single-story main home features three bedrooms, two bathrooms, no carpet, vaulted ceilings, and a floor-to-ceiling Hill Country stone fireplace with arched firebox in the main living area. A Texas-star stained-glass front door, decorative archways, and exposed wood beams give the home authentic Texas character. The light-filled dining area is wrapped in oversized windows on three sides — selective tree trimming would reveal river views from the table. The chef's kitchen is anchored by a dramatic stone archway framing the gas cooktop, with custom tile inlay, granite countertops, a large center prep island, and stone breakfast bar. Stainless appliances include a built-in oven, microwave, dishwasher, and French-door refrigerator, plus a walk-in pantry. A detached guest house offers an open layout with bedroom area, kitchenette, and full bath — ideal for guests or extended family. The outdoor living truly sets this property apart. A freeform stone pool with raised spa and water feature is anchored by an architectural stone fireplace. A separate flagstone patio offers a built-in wood-fired BBQ pit, outdoor dining area, and second stone fireplace. A pergola-covered patio with stone bar overlooks the river valley, plus a second pergola/firepit patio, greenhouse, and raised-bed garden. A private covered double-slip boat dock with sun deck, boat lift, jet ski lift, and storage room provides direct access to the river and lake. Adjacent to neighborhood boat ramp. Finished 3-car garage with epoxy floor, heated/cooled; separate garage/workshop with EV charger; level RV pad with full power; solar panels averaging ~$150/mo.

Investor Tools

Property Icon
$1,187,000
Estimated Property Value
$350,000Estimated Mortgage Balance
$854,560Estimated Equity
71% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$7,194 /month
Positive
Cash Flow Estimate:
$2,398 /month

Interested in this property?

Russell Martinez

Res and Ranch LLC

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,495/month
$800/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
N/A
$822,197
2025
$273,125
$853,840
$1,126,965
No

Tax History

Year
Tax Paid
Assessed Value
2024
N/A
$822,197

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Prosperity Bank
Conventional
$350,000
No
First
Sep 1, 2023
Oct 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$333,001
$526,999
61%
28%
$2,099/mo

Learn About the Market: Opportunity in Texas

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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

Explore Texas Explore This Area
Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Spicewood

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23621 Indian Divide Cv | Property Details | No Agent List